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Focus estimates 538,000-ounce maiden resource for Karridale gold deposit

Focus Minerals Ltd. estimated a maiden JORC 2012-compliant resource estimate for its Karridale deposit of 12.7 million tonnes at 1.3 g/t of gold for 538,000 contained gold ounces, it said Feb. 23.

Using a 0.6 g/t of gold cutoff, the estimate contains indicated resources of 2.7 million tonnes at 1.5 g/t of gold for 135,000 contained gold ounces, and inferred resources of 10.0 million tonnes at 1.3 g/t of gold for 403,000 contained gold ounces.

The Karridale project is part of the company's tenement portfolio in the Laverton region of Western Australia.